Starting this spring, it will cost more to join the region’s popular bike sharing network.
Capital Bikeshare has approved new membership prices, raising the annual membership fee from $75 to $85. The new fares go into effect May 1. The bike system of 3,000 bikes and 348 stations across the region — in the District, Alexandria and Arlington and Montgomery counties— had not raised fares since its 2010 launch.
The new price structure includes price changes for casual access and for members who pay on monthly installments. Capital Bikeshare will also remove the $101 authorization hold placed on credit and debit cards when someone purchases short-term memberships at stations.
The system’s expansion plans have been on hold since Bikeshare’s main bike provider went bankrupt last year and the system’s operator has not been able to acquire new equipment. Officials said they hope to buy more bikes this summer.
Capital Bikeshare is a joint program of the District, Alexandria and Arlington and Montgomery counties. The program has passed the mark of 9 million trips and is one of the most successful such systems in the country.